Central SoMa Plan Nears Adoption
With Latest Approvals
With the San Francisco Planning Commission's unanimous vote of the Central SoMa Plan on May 10, the master plan has entered the next stage and will soon head to the Board of Supervisors for approval June 27.
Once the Central SoMa Plan is approved, developers are expected to push forward on residential and office projects that will dramatically transform the neighborhood. Developers, consultants and builders will discuss SoMa's transformation and the impact Prop M will have on the area…
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Grosvenor Americas Appoints New CEO, Chief Development Officer
Grosvenor Americas has appointed Steve O'Connell as CEO, succeeding Andrew Bibby, who will retire at the end of the year after serving 35 years at the company.
O'Connell has worked at Grosvenor since 2011, when he was hired to lead the…
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Facebook's West Campus Exceeds $1B In Construction Costs
Facebook now has over $1B in construction permits for various structures within its West Campus expansion in Menlo Park, according to a BuildZoom report.
When the tech giant originally filed its $177M permit to build its 433K SF MPK 20 that was completed…
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San Francisco Mayor's Race: 3 Questions With Candidate London Breed
Mayoral candidate London Breed has served as a San Francisco supervisor since 2012 and was elected president of the board in 2015. Prior to becoming District 5 supervisor, Breed served as executive director of the African American Art & Culture Complex in the Western Addition for over a decade. She also served as a San Francisco Redevelopment Agency commissioner for five years and was appointed San Francisco Fire commissioner in 2010.
Bisnow: What do you see as the biggest challenge to building new development in San Francisco?
Breed: It's a two-pronged challenge: we need to find space upon which to build and reform San Francisco's archaic approval process for code-compliant new…
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Developers, Attorneys Tackle The Most-Asked Questions About The Opportunity Zones Program
Since the passage of the Opportunity Zone provision in January, commercial real estate developers, business owners and investors have been digging up information on how to incorporate the program into future investments and scouring the designated distressed neighborhoods for investment opportunities.
Established by the Tax Cut and Jobs Act, the Opportunity Zone program aims to give investors an incentive to put money into an Opportunity Fund that then invests in low-income neighborhoods, according to the census, as designated by the governor of each state.
Bisnow spoke to Manhattan Beach, California-based Kosmont Cos. CEO Larry Kosmont and Kosmont Cos. Chief Operating Officer Carolyn Petty, who have spent years working with municipalities, and Cox, Castle & Nicholson's Erik Loomis, a partner and tax attorney. They tackled some of the most-asked questions about the Opportunity Fund program and how this provision could work.
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For The First Time In 80 Years, A Ryan Is Not Part Of Ryan Cos.' Executive Leadership
Historic changes are afoot at Ryan Cos. Longtime CEO Pat Ryan is stepping down June 1 to become chairman of the company's board of directors. Brian Murray, Ryan Cos.' chief financial officer and chief operating officer since 2009, will succeed him. It is the first time in Ryan Cos.' 80-year history the company's executive masthead will not include a member of the Ryan family. To hear Murray tell it, the change is mainly a formality.
“We knew Pat would eventually transition to chair the board. We didn't know it would happen in 2018,” Murray said.
It is part of a broader push to change the makeup of Ryan Cos.
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This Private Equity Vet Has Been A WW2 Secret Agent, Is Standing For Congress And Fancies A Run For President
What do well-known real estate investors do when they retire? Few are likely to have had as unique or diverse a second life as Roger Barris.
In a 30-year career he ran Merrill Lynch's European real estate investment before starting his own pan-European opportunity fund business, Peakside Capital, which managed around €1.8B of assets when he stepped back from the helm in 2015.
Since then he has tried his hand at televised espionage on the BBC, and now he has turned to politics, more specifically the U.S.' Libertarian Party.
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The Fabulous Real Estate Of Love Birds Prince Harry And Meghan Markle
Behind every romance there is a story, and the backdrop to every story is real estate.
When that romance is between a prince and a foreign star of stage, the setting becomes even more varied and interesting.
This is the real estate story behind the joining together in holy matrimony of Prince Harry of Wales and America's Meghan Markle. The properties are both modern and ancient, and the bit that Ms. Markle is marrying into is worth more than $1.4B.
View the full slideshow here. |
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